‘Qatar legislations helped in developing entrepreneurship’

Doha: The State of Qatar has attached a great importance to developing entrepreneurship and is among countries that were ranked high in this regard, Qatar International Centre for Conciliation and Arbitration (QICCA) Board Member for International Relations Sheikh Dr Thani bin Ali Al Thani has said.

He was speaking at the opening session of ‘The 2021 International Virtual Conference on Innovation, Technology Artificial intelligence, and Entrepreneurship Ecosystem (ICITAIEE)’ which is being held from November 16 to 18 via video conferencing.

The conference is held under the patronage of H E Dr Muhammad Al Faris, Minister of Oil and Higher Education in the State of Kuwait.

Speaking during the event, Sheikh Thani said that the recent legislations helped in encouraging entrepreneurship and stimulating local and international investments and promoting investment opportunities and conducting studies for industrial projects.

Sheikh Thani indicated that a number of legislations and laws that are pertaining to entrepreneurship were enacted such as Law No. (11) of 2015 Promulgating the Commercial Companies, Law No. (7) of 2004 Regarding Organization of Ownership and Use of Real Estate and Residential Units by non-Qataris and Law No. (1) of 2019 On Regulating Non-Qatari Capital Investment in the Economic Activity as well as the establishment of trade and investment court.

He also pointed out that in this regard, the state has been working on enabling and developing business environment through setting up several initiatives like the Single Window, providing advanced electronic services for business ecosystem and facilitating procedures of doing business.

The state, he said, also worked to facilitate the conditions and procedures for granting licenses for commercial businesses and offer attractive privileges to international investors, especially in small and medium-sized enterprises, as well as assist licensed industrial projects to obtain loans from financial institutions.

The conference aims to bring leading practitioners, academic scientists, researchers, and industry experts together to exchange and share their experiences, ideas, and research results about all aspects of innovation, management, technology, and entrepreneurship research and practice.